Pensions & Benefits


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UPS Moves To Break Up Central States Fund

June 8, 2007: UPS management has put a dangerous proposal on the table: to pull UPS Teamsters out of the Central States Pension Fund, the plan that covers 42,000 full-timers in 25 states. Under the law, UPS would have to pay $4 billion in withdrawal liability to the Central States to break out of the fund—a penalty management is happy to pay because they can make it up over time by reducing future benefit costs....

On Pension, UPS’s Actions Speak Louder Than Words

June 8, 2007: UPS management has been trying to win control over our pensions for years. After Teamsters defeated UPS’s pension grab in 1997 and won major improvements in our benefits, it looked like management’s dreams were finished. Then the 2002 “Best Contract Ever” and the pension cuts of 2003 breathed new life into management’s old ambitions to get control over our pensions. UPS Teamsters are angry over the cuts and they’re looking for answers....

Pension Hike or Pension Freeze in NY and NJ?

June 8, 2007: As negotiators for UPS and our union square off over the pension issue, members in the Eastern Region’s two largest UPS locals want to know whether early bargaining will deliver a real pension increase—or a freeze that keeps benefits at pre-pension cut levels. New York Local 804 and New Jersey Local 177 were the first Teamster locals in the nation to win 25-and-out and 30- and-out pensions. UPS management controls all of...

Western Fund: Restore the Cuts

“That fund is not 100 percent funded. When that fund gets to 100 percent based on their rules, they’ll do the right thing.” Tom Keegel, IBT Candidates Forum, Aug. 25, 2007 “The Plan’s vested benefit liabilities are 100 percent funded.” Memorandum to Local Union Officers from Western Conference of Teamsters Pension Trust August, 2007 More than nine months ago, the Hoffa administration promised Teamsters that the Western Conference of Teamsters Pension Trust would end the...

Freight Bulletin: Say NO to Pension Grabs by UPS, ABF

UPS has put an offer on the bargaining table to take 42,000 UPS Teamsters out of the Central States Fund. The CEO of ABF just announced he wants to pull out of all Teamster benefit plans. The Hoffa administration is also considering a deal to keep all UPS Freight Teamsters out of our traditional Teamster pension plans as part of a contract that would be substandard to the NMFA. Together, these proposals would put Freight...
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